THE Manila Electric Company (Meralco) announced on Thursday a decrease in electricity rates for January as a result of lower generation charge from its suppliers. The rate is lower by P0.31 per kWh compared with P8.40 per kWh in January 2016, according to Meralco. “At P3.70 per kWh, the generation charge is P0.22 per kWh lower compared to January 2016’s P3.92 per kWh. The company reiterated it does not earn from the pass-through charges, such as the generation and transmission charges. The generation charge goes to the power suppliers, while the transmission charge goes to the National Grid Corporation of the Philippines.

Source: Manila Times January 12, 2017 16:39 UTC